CambodiaMORM Malen
Morm is is asking for a loan of EUR 5,400 to purchase a plot of land to build rooms for rent.
€5,400
4.00%
36 months
6 months
EUR
Currency| Amount | €5,400 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Morm Malen, 29, is married and lives with her husband in Kampong Cham province. To earn a living, she has been working as a garment factory worker since 2012, while her husband is a mechanic to earn as a main income to support the family.
Currently, she is asking for a loan to purchase a plot of land to build room for rent, a purchase that she sees as a good opportunity to improve her standard living in the near future.
Local partner Kredit will provide the loan together with Lendahand.
| Company name | Phillip Bank |
| CEO | Morm Malen |
| Founded | 2012-01-01 |
| Location | Beak Anloung |
| Sector | Services |
| Turnover | €9,421.42 |
| Employees | 1 |
Impact
Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.
Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.
SDG’s impacted
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No poverty
SDG 8. Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
- With this investment 1 job is created
- With this investment 4 lives are improved
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We have already contributed to MORM Malen
Marion van WingerdenPoul BrandsMenne Glas